Watchlist 28/03/2016

 

Good evening profit.ly, I hope everyone had a good Easter weekend. Here’s my watchlist for tomorrow. 

 

KBIOQ

This thing has just kept running in the past few days. Hard to predict what next, however as Tim pointed out yesterday, it it bound to come down at some point, most likely in the next week or so. So its a good one to watch for a potential short with big potential gains. I will keep an eye on it even though its a little pricey for my small account. 

 

CBDS

A weed play thats up big recently. Definitely one to watch for me tomorrow or in the next couple of days as it looks to of formed a perfect double top at the $3.70 mark and imo is likely to come crashing back down to wear it came from 2 weeks ago or close to it anyway. Very good risk reward here looking at this stocks history after big spikes. 

 

GSI

Thursdays top gainer on news of selling their 99% stake in Maoming Hengda Steel Co. If I'm honest I am unsure how this will play out tomorrow however I will be watching it closely. It struggled to hold its gains from its morning spike and finished nearly a buck lower then its highs. Imo this could break out again in the morning and if it heads back up towards $3 i will look to find shares to short…should be an interesting watch tomorrow.

 

Also on my watch: WATT, CVRS

 

 

I will review this watchlist in the morning as I like to look for pre market % gainers and their catalysts. If you have any questions please feel free to ask, I’m still learning as well, however appreciate the feedback. My lack of trades is due to only being part time trader recently and mainly dabbling around on a paper trade account.